Taneja Aerospace and Aviation Balance Sheet Health
Financial Health criteria checks 6/6
Taneja Aerospace and Aviation has a total shareholder equity of ₹1.1B and total debt of ₹3.4M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are ₹1.3B and ₹159.9M respectively. Taneja Aerospace and Aviation's EBIT is ₹161.5M making its interest coverage ratio -44.3. It has cash and short-term investments of ₹85.1M.
Key information
0.3%
Debt to equity ratio
₹3.40m
Debt
Interest coverage ratio | -44.3x |
Cash | ₹85.07m |
Equity | ₹1.09b |
Total liabilities | ₹159.94m |
Total assets | ₹1.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 522229's short term assets (₹170.6M) exceed its short term liabilities (₹51.4M).
Long Term Liabilities: 522229's short term assets (₹170.6M) exceed its long term liabilities (₹108.5M).
Debt to Equity History and Analysis
Debt Level: 522229 has more cash than its total debt.
Reducing Debt: 522229's debt to equity ratio has reduced from 35.4% to 0.3% over the past 5 years.
Debt Coverage: 522229's debt is well covered by operating cash flow (4614.3%).
Interest Coverage: 522229 earns more interest than it pays, so coverage of interest payments is not a concern.